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Gold prices dip slightly on July 29
Gold prices experienced a slight decline today, Wednesday, July 29, 2026, decreasing by 0.1% to reach $4,021.87 per ounce. The US dollar remained stable ahead of the Federal Reserve’s monetary policy decision, which is closely watched for its implications on inflation and the direction of US interest rates. Meanwhile, US gold futures contracts fell by 0.4% to the same level, with the dollar maintaining its strongest position in a month, making dollar-priced gold more expensive for investors holding other currencies. Regarding other precious metals, silver rose to $57.20, platinum reached $1,605.96, while palladium declined to $1,268.35.
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